InfraCompute / Deals
Centersquare Issuer 2025-2
Data centre ABS for Centersquare, US$440m, 20 March 2025.
Key terms
- Borrower or issuer
- Centersquare
- Date
- 20 March 2025
- Structure
- Data centre ABS
- Amount
- US$440m
- Pricing
- Not disclosed
- Tenor
- ARD Mar 2032; RFD Mar 2055
Recorded terms
- Lender type
- Bonds and securitisationsStructure: securitisation
- Tenor
- ARD Mar 2032; RFD Mar 2055
- Security
- KBRA: The Series 2025-1/2 Notes are secured by 26 data centres generating approximately $438.8 million of Total Annualised Monthly Recurring Revenue (AMRR) and approximately $208.9 million of Annualised Adjusted Net Operating Income (AANOI) as of December 31, 2024 (the Statistical Disclosure Date). This includes the fee simple ownership interests in 10 multi-customer enterprise data centres (43.6% of AMRR or 57.4% of AANOI) located in eight markets and leasehold interests in 16 multi-customer enterprise data centres (56.4% of AMRR or 42.6% of AANOI) located in 12 markets. The 26 data centres are com largest customer accounts for 8.0% of AMRR while the top 20 customers account for approximately 39.
Parties
Similar financings
Same structure, other borrowers, closest in date.
More from Centersquare
Filed documents and legal terms
The documents behind this financing that are filed on SEC EDGAR, with the governing law each states. Read any document in full before relying on it; filers may redact commercial terms.
- Filed documents
- 2
- Governing law
- New York law
- Quoted in the clause and contract libraries
- 0
THIS SERIES SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.
From the Csquare S-1 Exhibit 4.12: Centersquare Series 2025-2 supplement, filed with the SEC.
| Filed document | Dated | Governing law | In InfraCompute |
|---|---|---|---|
| Csquare S-1 Exhibit 4.12: Centersquare Series 2025-2 supplement | August 2026 | New York law | – |
| Form ABS-15G Ex 99.1 (agreed-upon procedures / due diligence report) | 26 February 2025 | – | – |
In-house counsel working on similar terms? Ask Randeep for a market check or see what is market.
For counsel on this deal
Acting for a lender, borrower or sponsor on a financing like this? Start from the filed precedents. Previews are open; the full text is free with InfraCompute Weekly.
Sources
- Centersquare Issuer 2025-1Source date: 20 March 2025
About this record
Compiled from the sources above. Terms are as announced and may have changed since. Methodology · Send a correction.
